Investments in solar energy may exceed investments in the oil and gas sector by 2030.
Last year, the total installed capacity of solar power plants (SPP) in the world increased by a record 25% compared to 2021 – up to 1.2 terawatts. This was stated in the SolarPower Europe Association report, reported by Anadolu Agency on June 15.
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According to the document, in 2022, electricity production using solar panels will increase from 1040 to 1289 terawatt-hours.
During this period, solar stations with a total installed capacity of 239 gigawatts were put into operation in the world. This number is expected to increase by another 341 gigawatts by the end of the year.
It was noted that despite logistical delays due to the COVID-19 pandemic and the Russian war in Ukraine, investments in solar energy have continued to grow over the past three years and account for two-thirds of all renewable investments energy sources.
According to the head of the International Energy Agency (IEA), Fatih Birol, the amount of investments in solar energy may exceed the total amount of investments in the oil and gas sector by 2030.
According to him, instead of oil and gas dependence, countries prefer renewable and nuclear energy over electric vehicles.
It is estimated that investments in clean energy technology this year will exceed $1.7 trillion, and investments in solar energy will exceed investments in oil production for the first time.
“Solar energy is the cheapest source of energy. And in this regard, I believe that in the 2030s the sun will become a very important competitor in the field of investment not only for oil, but also for natural gas,” the leader said of the IEA.
Earlier it was reported that the war between Russia and Ukraine will dramatically accelerate the global development of renewable energy sources.
Source: korrespondent
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